Peel Hunt reiterated their hold rating on shares of Persimmon (LON:PSN) in a research note released on Thursday morning, ThisIsMoney.Co.Uk reports.

PSN has been the subject of several other reports. Canaccord Genuity upped their price target on shares of Persimmon from GBX 2,130 ($28.02) to GBX 2,350 ($30.91) and gave the company a buy rating in a research report on Friday, April 24th. Credit Suisse Group cut their price target on shares of Persimmon from GBX 3,500 ($46.04) to GBX 2,724 ($35.83) and set an outperform rating for the company in a research report on Thursday, May 7th. UBS Group reaffirmed a buy rating on shares of Persimmon in a research note on Thursday, April 30th. Deutsche Bank lowered their price objective on shares of Persimmon from GBX 3,275 ($43.08) to GBX 2,192 ($28.83) and set a buy rating for the company in a research note on Wednesday, April 8th. Finally, Berenberg Bank lowered their price objective on shares of Persimmon from GBX 3,110 ($40.91) to GBX 2,470 ($32.49) and set a buy rating for the company in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 2,607.36 ($34.30).

LON PSN opened at GBX 2,099 ($27.61) on Thursday. The company has a 50-day simple moving average of GBX 2,033.02 and a two-hundred day simple moving average of GBX 2,502.97. The company has a quick ratio of 0.91, a current ratio of 4.08 and a debt-to-equity ratio of 0.27. Persimmon has a 12-month low of GBX 1,367.50 ($17.99) and a 12-month high of GBX 3,328 ($43.78). The firm has a market cap of $6.69 billion and a price-to-earnings ratio of 7.88.

The business also recently declared a dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, June 11th will be paid a GBX 110 ($1.45) dividend. This represents a yield of 3.57%. The ex-dividend date of this dividend is Thursday, June 11th. Persimmon’s payout ratio is currently 0.88%.

In related news, insider M H. Killoran sold 2,153 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of GBX 3,016 ($39.67), for a total value of £64,934.48 ($85,417.63).

About Persimmon

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers apartments and family homes under the Persimmon Homes brand name; executive housing under the Charles Church brand; and social housing under the Westbury Partnerships brand name. It also provides broadband services.

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Analyst Recommendations for Persimmon (LON:PSN)

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